Draghi, Comey and May... OH MY!
Thursdaycould be a big day for markets, especially gold. Starting out this morningmarkets will hear from Mario Draghi and the ECB. Will the ECB keep the nuclearoption or drop a news bomb on markets? Comey testifies on the hill, his openingstatement on Wednesday caused a quick selloff and a quicker recovery. TheElection and Theresa May has turned from prohibitive favorite to a TV Thriller
All that and more... yet gold is a little softer heading towards 1,280 support and Silver going to 17.50. Complacency reigns which is never a good sign and this time won't be different. Investors are ignoring everything; they have no fear and once again are being lead to slaughter. Market and price manipulation never work see crude oil and ask OPEC.
By Todd 'Bubba' HorwitzContributing tokitco.com
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Bubba@bubbatrading.com www.bubbatrading.com/ Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities,securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.  |